“Today marks an important milestone for Bitcoin Depot,” Brandon Mintz, the CEO and founder of Bitcoin Depot said in a statement on Thursday. “We are always looking to expand our reach so as many people as possible can access cryptocurrency to control their own money and conduct easier and simpler financial transactions.”
When the transaction with GSRM closes, the business combination will be named “Bitcoin Depot Inc.,” and shares will trade on the Nasdaq under the new ticker symbol “BTM.” The close to 7,000 ATMs Bitcoin Depot has installed are mostly situated in North America, covering 47 states in the U.S. and nine Canadian provinces. Today there are 38,742 cryptocurrency ATMs located worldwide and the top ten operators manage 69.3%.
Bitcoin Depot’s top three competitors include Coin Center with 5,284 machines, Coinflip with 4,069 machines, and Bitcoin of America with 2,352 machines. Bitcoin Depot also offers a service called, which gives Bitcoin Depot account holders the ability to load up on bitcoin at more than 8,000 locations at major retailers.
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